Qingdao Hi-Tech Moulds & Plastics Technology Dividend
Dividend criteria checks 2/6
Qingdao Hi-Tech Moulds & Plastics Technology is a dividend paying company with a current yield of 0.91% that is well covered by earnings.
Key information
0.9%
Dividend yield
38%
Payout ratio
| Industry average yield | 1.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.18 |
| Dividend yield forecast in 3Y | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 301022 has been paying a dividend for less than 10 years.
Growing Dividend: 301022 has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
| Qingdao Hi-Tech Moulds & Plastics Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301022) | 0.9% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Auto Components) | 1.4% |
| Analyst forecast in 3 Years (301022) | n/a |
Notable Dividend: 301022's dividend (0.91%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 301022's dividend (0.91%) is low compared to the top 25% of dividend payers in the CN market (2.39%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.6%), 301022's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301022 is paying a dividend but the company has no free cash flows.